Middle East > Lebanon > Real Estate
Real Estate in Lebanon
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IMF experts to impose taxes on wealth and profits from real estate
LEBANON, 2013/12/18 Even the International Monetary Fund is beginning to speak about the risks entailed in the concentration of wealth, recommending increased taxes on higher gain brackets and real estate holdings. Will Lebanon catch the bug? This time, the "bogeyman" advocating the taxation of real estate was not the trade unions or leftist parties, but the International Monetary Fund (IMF) – a pillar of the neoliberal capitalist system. The group’s 2013 Fiscal Monitor statement, issued in October, was attacked by the wealthy, although the IMF's mention of imposing taxes on wealth and real estate was very brief and in the context of several recommendations to overcome the "sovereign deficit" crisis.
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